K33: Over 50% of Bitcoin is in a state of unrealized loss, and $60,000 may be the low point of this cycle

According to The Block, K33's latest report shows that currently over 50% of the circulating supply of Bitcoin is in a state of unrealized loss, a significant increase from 30% a month ago.

K33's research director Vetle Lunde pointed out that although Bitcoin typically bottoms out within a few weeks after reaching an unrealized loss of over 50% (often requiring a final wave of decline), the price increase of BTC within a year after this signal appears ranges from 69% to 359%. Currently, Bitcoin has also touched the 200-week moving average and is accompanied by an "extreme fear" sentiment, consistent with historical bottom characteristics.

K33 maintains the view that $60,000 may be the low point of this cycle, or at least a highly attractive long-term accumulation range.